Xiaomi Accused by Ukraine of Giving Financial Support to Russia in War

The war between Russia and Ukraine that started last year does not seem likely to end any time soon. Ukraine has suffered huge losses due to this war. Many countries have imposed sanctions on Russia. Many international companies have also consolidated their business in Russia. This has caused a big blow to Russia’s economy. Many controversies are also coming to the fore due to this war between the two countries. China’s electronics company Xiaomi is also stuck in one such controversy.

a media Report Ukraine has made serious allegations against Xiaomi, and its National Agency for the Prevention of Corruption (NAZK) has announced the inclusion of Xiaomi in the list of “international war sponsors”. Ukrainian authorities claim that Xiaomi continues to operate in the Russian market and has been a leading smartphone brand since the start of the dispute between the two countries. Data from NAZK shows that Xiaomi’s market share in Russia has doubled in the last year. Last year, the company’s revenue there had increased to more than $ 200 million. In this regard, a press release issued by Ukraine said that the reason for including Xiaomi in the list of international war sponsors is to maintain its business there after Russia’s attack on Ukraine. The government of Ukraine calls Russia a “terrorist state”.

Xiaomi plans to launch its flagships smartphones in Russia. Ukraine’s Anti-Corruption Bureau claims that the tax paid on Xiaomi’s revenue in Russia is being used to fund the war against Ukraine. The number of companies included in this list of Ukraine has increased to 21.

in India Xiaomi has had to bear the brunt of making mistakes in understanding customer preferences. South Korea’s electronics company Samsung has overtaken it and secured the first position in the world’s second largest smartphone market. Xiaomi’s emphasis was on selling handsets under Rs 10,000 but customers in the country are willing to pay higher prices for smartphones with attractive designs and more features. Data from market research firm Counterpoint shows that Samsung had a market share of 20 percent in the fourth quarter of last year, while Xiaomi had 18 percent. <!–

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